From TradingView · · 1m 10s
TSLA: deliveries beat. Wednesday is about the margin
Tesla's Q3 deliveries beat expectations but margins miss as Wednesday's report looms.
In brief
Tesla's Q3 deliveries beat expectations but margins miss as Wednesday's report looms. Tesla reported Q3 deliveries of 486,532 vehicles, 2.1% fewer than a year ago but exceeding analyst forecasts, while earnings per share fell to $0.04 against $0.32 expected. Originally reported by TradingView.
Tesla Q3 Deliveries
Tesla reported Q3 deliveries of 486,532 vehicles, 2.1% fewer than a year ago but exceeding analyst expectations.
Wednesday's Earnings Report
Tesla's earnings per share fell to $0.04 against $0.32 expected, causing a 14.5% stock drop the next day.
Stock Price Movement
Tesla stock rose from $349.33 on Friday to $373.71 Tuesday, still 25% below its record high of $498.83 from 22 dec 2025.
Musk's Merger Announcement
Musk stated Tesla and SpaceX formed special committees to explore a merger, with no terms agreed or guarantee of a deal.
Technical Support Levels
Two support zones sit under the after-hours price: 374.70-376.80 and 370.00-372.00.
Trading Strategy
Traders set levels to target a 60% chance of price dipping into 374.70-376.80 before reaching 386.10.
Post-Report Outlook
The first hour of Thursday's session will decide if Tesla's price breaks above 388.60 or falls below 363.60.
The main idea
Tesla reported Q3 deliveries of 486,532 vehicles, 2.1% fewer than a year ago but exceeding analyst forecasts, while earnings per share fell to $0.04 against $0.32 expected.
